(Energy winners story updated for closing prices, Gulfport Energy news) NEW YORK ( TheStreet) -- It's about time for Easter egg hunting, but a bigger hunt is getting underway for precious oil and gas assets located offshore in the outer continental shelf of the U.S.
Of course, oil and gas exploration is a high-risk business, and not surprisingly, there were some significant stock pops in some of the more speculative oil and gas sector drilling players.
When it comes to risk, investors would be wise to remember that the environmental lobby will have something to say about this about-face by the Democratic party and President Obama on a long-standing moratorium on offshore drilling.
Still, there's so much interest being mucked up for offshore energy as an investment in the past 48 hours, the example of Mukluk Island, Alaska, might be worthwhile to remember also.
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